» Tuesday, October 18, 2005Public Sector Pensions
Asked if Downing Street was concerned about the impact on the public purse of the recent public sector pensions agreement, the PMOS said that in terms of the impact of the original deal, it was estimated that 85% of the savings would come from new entrants anyway. There were some 50,000 new people out of 550,000 who join every year. So the main impact was going to come from new entrants anyway. So it didn’t actually shift the burden of the savings to any great degree. Asked to respond to union calls for the deal to be extended to the 1.3 million local government workers, the PMOS said that he was not going to second guess other discussions that were taking place. This was a sensible agreement that was reached with the unions and the savings would be considerable. The change would be worth £13billion over 50 years. Briefing took place at 8:00 | Search for related news Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says. |
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